Investment

Vietnam`s market for mother and child products have lured the participation of both foreign and domestic investment funds as its value is projected to reach US$7 billion with annual growth rate of 30-40% next years.

Authority of the northern province of Vinh Phuc have rejected a US$350-million garment and textile dyeing project proposed by Hong Kong - backed TAL Group, due to concern over environmental pollution.

A representative of the Hanoi government has voiced that five build-transfer (BT) transport projects that have won investment certificates have been carefully selected and in line with law, in response to concerns that this format has been outdated and a lucrative land for misappropriation.

Vietnam’s stock market has become more attractive to foreign invested enterprises (FIE) as some of them have chosen to list here to leverage its high growth.

The government should reconsider the technology transfer target of foreign direct investment (FDI) firms as the technology employed by the businesses isn’t as modern as expectation.

PetroVietnam Power Corp (PV Power), a subsidiary of Vietnam National Oil and Gas Group (PetroVietnam) will not seek strategic investors for its 28.82% stake as initially planned, according to Ho Cong Ky, Chairman of PV Power.

At the time of writing, shares of entertainment group Yeah1 were traded at VND300,000 (US$13.18) apiece - the upper limit in its debut on the Ho Chi Minh Stock Exchange (HoSE) on June 26.

Vietnam needs to take action to continue improving the investment and business environment to lure more American and European investors, who will bring modern technologies and high economic efficiency to the country, experts said.

New foreign investments into Vietnam through the initial public offerings (IPOs) of both state-owned and private enterprises have helped Vietnam continuously have a net foreign inflow to date this year despite adverse impacts from the global market.

The Ministry of Construction (MoC) has decided to reduce its holding in ceramics and building material corporation Viglacera from 53.97% to 36% starting this month, announced the ministry.

As the world`s seventh fastest-growing aviation market during the 2013-2017 period, Vietnam has become an attractive destination for many foreign airlines.

Vietnam`s Ministry of Transport (MoT) has rejected Grab`s proposal to expand its service network beyond the current five cities and provinces in the country.

The Vietnamese government will unload shares in Vietnam National Shipping Lines, known as Vinalines, aiming to cut its stake in the shipping firm to as low as 65%.

The government should take bold measures to control inflation as its high rate may put pressure on the exchange rate and prompt foreign investors to withdraw capital from Vietnam’s stock market, experts warned.

Deputy Prime Minister Trinh Dinh Dung gave his approval to the Ministry of Planning and Investment (MPI)`s appraisal document on the Bamboo Airways investment project at Phu Cat Airport, Binh Dinh province.

Being one of the few markets in the world continuing to grow, Vietnam is a promising land for both foreign and local brewers, but the competition is increasingly stiff.

Entertainment group Yeah1 is set to go public on June 26 with over 27.37 million shares on offer, confirmed the Ho Chi Minh Stock Exchange (HoSE).

Binh Son Refinery and Petrochemical (BSR), the operator of the first oil refinery in Vietnam, has proposed selling a 49% stake through public auction, due to its inability to find strategic investors.

Hanoi has taken numerous measures to improve its business environment in a bid to lure more both domestic and foreign investors. Hanoitimes talks to Mr. Nicolas Audier, EuroCham Co-Chairman regarding what Hanoi can do better to meet this goal.

Big conglomerates from Thailand have been carrying out large-scale acquisitions of Vietnamese leading enterprises, regardless of price or time, to be able to take part in the enterprises` management and operation.